Negative electricity prices in California

PA's Matt Mooren, an energy and utility expert, is quoted in an article in Ingeniøren. The article offers insight on the use of wind power in California and Texas, and its impact on electricity pricing.

The U.S. has invested billions of dollars in wind power technology in order to become a leading producer of wind power. This has resulted in extremely low electricity prices, which has affected conventional producers of electricity. Some conventional electricity producers are forced to shut down their power plants while wind power producers do not lose money due to the negative prices.

Commenting on this trend, Matt Mooren stated: "The negative prices have been significant in the past six to nine months compared to previously, and this is due to, among other things, a higher wind penetration. The production of wind energy puts a high pressure on the energy net."